About your Search

20130201
20130228
Search Results 0 to 15 of about 16
with a little bit of discouragement. those are the issues in front of us. where are earnings going forward into the next few quarters? >> thanks, harry. as always, the market, a crazy day. earnings coming up from hewlett-packard. david faber will have that and bob benmosche talking about his numbers from aig. second hour of the "closing bell" right now. i'll seal you tomorrow. >> have a good one. >>> and it is 4:00 on wall street. do you know where your money is? hi, everybody, welcome back to the "closing bell." i'm maria bartiromo on the into of the new york stock exchange. man, a roller coaster ride today on wall street as the major averages close lower for a second day in a row, off of the worst levels of the day. market had been down close to 100 points. we're finishing down 49 points on the dow jones industrial average after hitting the lows about half an hour ago when the market was down 13 point. nasdaq giving up 33 points tonight. technology one of the leadership groups on the downside and the s&p 500 weaker by 9.75. moments away from aig and h-p earnings. david faber is live toni
sense of it with rich peterson. good to see everybody. thanks so much for joining us. john, let's talk about the catalyst and where you see this market going. how are you invested today? >> well, we still think that steady issues go, basically consolidating from 1495 to 1530 was the high in the futures this week so we're right in the middle as we come into the weekend. we obviously have the italian elections and bernanke is speaking next week. copper concerns us a little bit. the fact that the metal sold off, including the industrial messals, down to 350. we had a selloff obviously from the highs and decent volumes so the balance is nice and have to make sure that it holds. we think bernanke will be pretty friendly when he's before congress next week so that's a positive. i don't think the fed will tighten anytime soon but do think asset purchases will go down. figure the asset purchase will go down but fed funds are basically going to be flat from basically now until 2015. if they do tighten, it will be slow and deliberate, so i think maybe we'll get a quarter, a quarter, quarter. eve
that are supplying to china. that doesn't deter the economic outlook globally or for the stock market in the u.s. but it's a bit of yellow flag out there to investor and look what happens to their stock returns, mediocre compared to domestic returns here. >> what's the most damaging implication for the u.s., companies deriving revenue to a significant amount like yum brands is because of the slow down due to the china slow down? >> i think moderation, and the good news here in the u.s. and midwest, a rebirth in manufacturing. i think bodes well for the u.s. and bodes well for many stocks in those industries. >> how, do you -- go ahead. >> a poultry specific issue for china. the car sales in china is supposed to be off the chart so i think it's getting better, a and the stock market is it telling us that. other companies are starting to bring their manufacturing to the united states because the natural gas price is so low over here. >> yeah. they are also going to mexico. ed, jump in here. how do you invest it? >> well, i'll tell youing everything that they are saying i agree w.china obviously go
, but as allen points out, volatility has been with us the last week or so. one day you're down 100 points and the next day you're up 100 point. let's see what happened. stay tuned. richard fisher from the fed will join us in a moment as well as we get under way with the second hour of the "closing bell." i'll see you tomorrow. >>> and it is 4:00 on wall street. do you know where your money is? hi, everybody. welcome back to the "closing bell." i'm maria bartiromo on the floor of the new york stock exchange. no all-time high today. in fact, sellers coming in the final minutes of trading taking the market further youaway frome record. we had a severe selloff at end of the day with the market giving up all of a 70-plus point rally and then some, ending in negative territory to the tune of 21 points. we did have a rebalancing today that. created a lot of volatility and certainly volume surged. nonetheless, the dow jones industrial average tonight down 21 points to 14,054 on the blue chip average. nasdaq also reversing course, as did the s&p 500. take a look. both averages reversing what had b
or microsoft. maybe cisco is the one to take us to new highs. >> the leader today which was positive, amazon, comcast, our parent 100% now and facebook, so, you know, it's the new technologies that are leading the way here. >> facebook had a nice turnaround after they came out and said they sold apple and buying this one. a big move late in the day but the nasdaq has been positive all day and think that could be the new leader to take us to new highs. >> going well off the lows of the day, the dow down 38 points, the s&p and nasdaq positive. stand by for the very important cisco earnings on the second hour of the closing well with maria. see you tomorrow. >> and it is 4:00 on wall street. do you know where your money is? hi, everybody, welcome to the "closing bell." i'm maria bartiromo on the floor of the new york stock exchange. a mixed day for the market. the dow failing to hold on to 14,000 level with the decline of 36 points off the worst levels, even there, as you can see there, a decline of 37 points. take a look at how we're finishing the day overall. a reversal of yesterday's decline
for the week and that will give us six straight weeks that the s&p is up this year. first time i think in 40 years that the -- 42 years that the s&p has been up six weeks to begin the year. nasdaq same things, six weeks in a row. back to a 12-year high for the nasdaq. the dow will be the laggard. needed to be up 66 points to be positive for the week so it will end its win streak at five weeks. kenny on the floor of the new york stock exchange, you have to admit these markets are getting tired, don't you think is. >> they are. today very interesting. can feel it on the s&p. 1525 a real technical level of reitivityins, and can you feel that the market wants to test that on the s&p. personal the dow is not making a high. it continues to march higher which is a very, very positive sign. >> you inclined to still be in this long. >> i'm inclined. i would think it would get a little more defensive and i think it will hit real resistance there and then back o.every time it backs off there's always plenty of buyers around. so far. >> get home safe, my friend. >> that will do it. we'll go out mid-rang
between 2 and 2.25 like it used to be bouncing between 1.75 and 2. it will just kind of keep doing th that. >> is it healthy -- is it healthy -- >> the interest rate spike will mean too much on the balance sheet. >> is it healthy that the only driver has been the federal reserve? >> that's it. decrease the quantitative easing. that's when we'll see the real spike. if interest rates go up to 2.25% because people are taking money out of equities and the economy is growing a little bit better, that's fine. it's when we start to see incremental tightening at the fed. >> we need some qe from the private sector. >> tightening from the fed? >> good luck on that. >> not getting it though, jeff. >> well, i know. >> they believe in what they are doing, and it hasn't helped the economy. >> we know we have somebody holding our hand so there's no point in doing it. until they step out of the way, there's nothing to trigger those animal spirits. >> great conversation. appreciate it. see you soon. >> meanwhile, legendary investor jim rogers is, now short a certain investment. we'll find out what that is,
, where are we going, all on the same track. right now the way to put the money is put it in the u.s. japan has obviously benefitted from that. >> you have not been alone on the floor here among your trading brethren who have been skeptical of this rally as it continued. some others though have thrown in the towel and are going with the trend higher. are you still skeptical? >> i'm definitely still skeptical. >> okay. i think the risk is to the down side. if we get a 5% pullback, which would not be bad for the market, are people going to put their money to work. putting it into work when times are good. when times are bad, markets back off and that's where markets seem to accelerate. >> going out neither highs of the day with the dow up about 5.25 points here, and the s&p up a fraction right now. stand by. a lot of earnings news coming your way. plus former fdic chair sheila bair coming on the second hour of "closing bell." >>> and it is 4:00 on wall street. do you know where your money is? hi, everybody. welcome back to the "closing bell." i'm maria bartiromo on the floor of the new
the u.s., and i think the outperformance that we saw in the last part of last year can take hold again this year. >> yeah. allen gale, are you paid to put money to work, got to put some money to work or even if this market is going to see a correction of some kind. where would you be buying right now? >> to kind of echo michael's sentiments. allocation strategies is on the international front so we do like to develop markets. we are adding to the emerging markets as well so we think that at the margin this is a good story. this is a -- you know, as we go through 2013 we think the international space is going to continue to outperform. meantime, i think it is important to see that the fed is committed to this -- to this expansion continuing, particularly in the face of the fiscal tightening that we're likely to see. the fed doesn't really have any choice in their own mind. >> they have to keep reminding us that it's not going to last forever. the conversation has to start at some point. >> that's right. >> and what we're seeing is the conversation today, at what point do we start taking
numbers but first to the markets and our guests. good to see everybody. thanks very much for joining us. good to see you, david. >> maria, likewise. >> how are you investing right now? do you think we're expecting a pullback or does the market want to go higher? >> still more offense on the field. if we get a pullback it will be 10% and i by the time you recognize it it will be half over so i think you want to continue to liege to the large caps but the u.s. mid-cap stocks up and if the market is up, eight straight weeks that the market has been higher. in my memory that hasn't happened in more than 20 years. >> the question is does it continue? >> i think so because there's still a fair amount of mistrust in stocks from so much of the investing public, and i'm starting to see grudgingly that institutional investors are slowly increasing their stock allocati allocation, recognizing that in most pockets of the bond market it's noust jt going to get it done for their liability. >> michael irish cammy, what do you think? do you want to put more money to work here? >> you do. we've got anot
a professional trader side, but you don't fight the fed. the other big ben, i used to be that guy until he showed up, and what's going on with the money flow is coming into equities. >> ben willis just moments ago mentioned short conversation. you think part of this at the end of the day was short covering. >> absolutely. >> the shorts were getting their head handed to them on monday and here we go, after monday on tuesday, and today as well. i'll seal you at the top of the hour. good to see you. >> another big hour. what do we do from here? >> if you're surprised by the action we've seen over the last couple of days, what are we to do? my professional trader, 30 years on the trading floor wants to sell into it but don't short it until you buy coverage. the vix had a great pullback. bought the vix earlier in the month, you had a great return on the investment but if you didn't sell it out and took the profit you're getting squeezed. buy the vix. >> even with the move that we've seen, a feeling that certainly the market would show you over the last, you know, few selloffs here that it's a bit frag
't have a big stomach for volatility. lee will join us in just a second apparently. hopefully he'll have time to think about that question. ryan, why don't you take it? >> i think in this environment it's in -- it depends. which one? >> ryan dieterich. >> got it. when you look at it right here, sue, we saw warning signs last week. and when you break it down, the market's had a good rally. maybe due for pullback consolidation for a few reasons. we did a study since 1999. what we found when you go from the first time it hit 10,000, 11,000. when you hit those 1,000-intervals the market does poorly the few months out. really quickly, something important. we follow activity and sentiment. if you look at the demand, it's extremely high relative to calls. what does that mean to someone listening? >> very quickly ryan. >> the last two times it was that wide, last year april and september pullbacks. wouldn't be leery here. >> all right. brian jacobson. down 216 points, up 120 on friday. clearly volatility is with us right now. what's causing it and what are you doing about it? >> sure. i think th
notes and talking to strategists. you say all sorts of strategists are using all kinds of metrics to spot a pullback. what are they? what are the most important metrics to spot a pullback on the horizon? >> sure, maria. after you see the kind of blistering run you've had this year, the s&p 500 up 6.5%, traders and investor strategists looking for a pullback and looking for different guideposts and signs of when a pullback is happening, and some are going to look to sentiment indicators and some look to high-yield spreads. the analysts over at jpmorgan are going to be studying that. i talked to paul hickee over at spoke this afternoon, and paul is a bull. one reason is they's going to look at jobless claims and the relationship between jobless claims and the s&p 500. one reason, paul will tell you, he's still bullish because jobless claims, the four-week average, at a post-recession low. >> all right, john, you're sitting there on the trading desk all day long, see the flow. what kind of a commitment are you seeing in terms of equities? is it still as strong as it was earlier in th
from the street. good to see everybody. thanks so much for joining us. >> thanks, maria. >> scott, let me kick it off with you. what's behind this move in stocks? >> this year is off to a lot better start. i don't know if you heard the applause in the background when the bell rang. people are happy. we're at 14,000, a touch over. i think the market, myself not to put a damper on things, i think the market is a little ahead of itself. i think it's going to be higher than this at year end, but right now this is a pretty darn good jump from december 3 isst until now. the question is does it keep going. harry dent, where are you on this? >> we've been looking for the market to go higher until mid-year. i'm looking at 1,600 or near on the s&p, 15,000 or near on the dow. i think before you get there though you do get a more substantial pullback before you get a likely top. i mean, right now, things are good. we got over the fiscal cliff. we knew we would rally after that. i don't see this rally going to major heights this year or a lot higher because earnings are decelerating, and now intere
trading here. but so far up 6 1/3%. peter costa -- >> yes. >> you've told us as a skeptic you threw in the towel recently and were willing to buy this market. >> it was right after i spoke to ralph. >> he considered you to turn bullish. >> he did. >> but you have to admit this market is getting tired here, don't you think? >> if you look at the market where we're down 19 today, i think we'll churn a bit. i think this churning might go on for probably another couple of months. but i don't think the market's -- it's not done yet. i just think that right now we're going to be in a pausing phase. and i do think at some point in the next two to three months -- >> you don't see a correction in the meantime? >> a 5% correction. to me that's a buying opportunity. >> very good. thank you, peter. >> thank you. >> the camera's off us because they put it up on the balcony there at the new york stock exchange where the swim suit models are ringing the closing bell. somewhere in there also is ceo of the new york stock exchange. one of the tough job he's got here. here's the second hour now with m
this. you're always exposed to. but here at the hodges funds, we'll use the selloff to buy great businesses on sale. so we are seeing a lot of opportunities out there. >> rick santelli, what about that trade coming out of fixed increase going into stocks? are you a believer or no? is it gaining traction or no? you don't have evidence of it? >> no. i personally don't see a huge sector change. i think it's always going to be out there. and i think with a lot of money sidelined, it's just putting money to work. many believe it's going to end up in equities. to be up 12 basis points in a five year to date or 21 basis points in a ten, as large as that may sound, i don't think that's near the big horse power ultimately that trade could generate. on the rating agencies, you know, it sounds a lot like sour grapes. i think the rating agency made a bunch of blunders. they're not going after him. he was highly aware of what was going on in derivatives. when we were downgraded from aaa. it seems like that's what was -- the time period some of these early talks about this developed. seems lik
Search Results 0 to 15 of about 16

Terms of Use (10 Mar 2001)